Cayan's CMC Tower nears completion in Riyadh

The 14-storey CMC Tower, located on Riyadh's King Fahed Road, is being built at a cost of $26.6m (SAR100m)

The 14-storey CMC Tower is located on Riyadh's King Fahed Road.
The 14-storey CMC Tower is located on Riyadh's King Fahed Road.

Cayan Group has announced that its mixed-use commercial tower in Saudi Arabia is nearing completion.

The 14-storey CMC Tower, located on Riyadh's King Fahed Road, is being built at a cost of $26.6m (SAR100m).

The Middle Eastern property developer said construction of the tower is moving at a steady pace and the project will be completed ahead of schedule.

Ahmed Alhatti, chairman, Cayan Group, said: "Usually, a tower of this stature consisting of three destinct phases or packages - the enabling, structural and finishing of development - takes a period of 24 months for completion."

Al Bawani Company, the project contractor, said both the enabling and structural packages of the tower have been completed ahead of schedule within three and six months respectively.

The finishing package is expected to be awarded soon.

Alhatti, added: "This signifies great teamwork, planning and communication on all sides.

"We are proud of this and thrilled at the prospect of an early completion of the entire CMC Tower."

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